Companies & Organisations
Samruk-Kazyna Reveals Valuation of ERG Stake Transfer
Samruk-Kazyna has valued its 40% stake in ERG at 697.7 billion tenge, gaining joint control over one of Kazakhstan's largest mining companies.
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4 published stories in this archive.
Companies & Organisations
Samruk-Kazyna Share Placement Worth $1.4 Billion Sparks Speculation Over Transfer of State’s 40% ERG Stake
Samruk-Kazyna's $1.4 billion share placement in exchange for undisclosed state property has prompted speculation that Kazakhstan's government is transferring its 40% ERG stake to the sovereign fund, with the transaction value matching…
Companies & Organisations
Shakhmurat Mutalip Acquires 39.3% Stake in Eurasian Resources Group From Chodiev and Machkevitch Heirs
Shakhmurat Mutalip has acquired a 39.3% stake in Eurasian Resources Group through Nature Energy Solutions, buying out Patokh Chodiev and the heirs of Alexander Machkevitch in a major reshaping of one of…
Companies & Organisations
Kazzinc Explosion Reignites Debate Over Glencore Sale as Analyst Warns Kazakhstan Must Not Let Foreign Investor Exit Without Cleaning Up
The Kazzinc explosion has intensified scrutiny of Glencore's planned exit from Kazakhstan, with analyst Rasul Rysmambetov warning that selling before resolving decades of environmental damage would let a highly profitable foreign investor…